Capistrano I

What Capistrano I's governing documents say

Capistrano I is a standard single-family homeowners association (HOA) in Chandler, AZ — you own your lot and house, and the association maintains common areas and enforces rules. This Declaration of Covenants, Conditions and Restrictions (CC&Rs) is the governing rulebook for all owners, residents, and mortgagees.

• What you own & maintain: You own your lot and the residence on it; the association owns and maintains the Common Areas (e.g., landscaping, perimeter walls, rights-of-way). Owners have a non-exclusive easement to use the Common Areas.
• Membership & voting: Every lot owner is a member of the Capistrano I Homeowners Association. Each lot gets one vote (Class A). The builder holds Class B membership with three votes per lot until certain conditions are met (e.g., 120 days after Class A votes equal Class B, or 5 years after first lot sale).
• Assessments & common expenses: Each owner pays a proportional share of Common Expenses (fraction = 1 / total lots). Initial maximum annual assessment: $35. Annual increases are capped at the greater of 10% of the prior year's max or the CPI change. Special assessments over the cap require a 2/3 vote of each membership class. Delinquent payments accrue 18% annual interest and become a lien on the lot (subordinate to first mortgages).
• Insurance: The association must carry multi-peril property insurance on Common Areas (100% replacement cost) and $1,000,000 general liability. Owners must insure their own dwelling contents, personal property, and additional liability. The association also carries fidelity bonds on persons handling funds (minimum: 1.5x annual operating expenses plus reserves).
• Property rights & easements: A blanket easement exists over Common Areas for utilities, ingress/egress, and emergency vehicles. A wall easement is created along perimeter boundaries. The board may grant exclusive use of minor Common Areas adjoining a lot.
• Board & management: The board manages the association and may hire a managing agent (contract term max 1 year, renewable). The builder appoints three board members while Class B memberships exist. Directors must be owners (or officers/partners/beneficiaries if corporate owned).
• Liens & foreclosure: Unpaid assessments become a lien on the lot, enforceable by judicial foreclosure. The lien is subordinate to first mortgages except for assessments accruing after the mortgagee takes possession. Owners can request a certificate of payment from the association.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.